closed contract. Whose terms constitute the entire agreement between the contracting parties and no clause or provision can be changed or modified without mutual consent. An insurance contract, for example, is a closed contract whereas a construction contract may not be one. See also open contract.
The volt (symbol: V) is the derived unit for electric potential, electric potential difference (voltage), and electromotive force. The volt is named in honour of the Italian physicist Alessandro Volta (1745â1827), who invented the voltaic pile, possibly the first chemical battery.
Voltage. The voltage is a kind of electrical force that makes electricity move through a wire and we measure it in volts. The bigger the voltage, the more current will tend to flow. So a 12-volt car battery will generally produce more current than a 1.5-volt flashlight battery.